Wilson Bowden begins new £26m phase of Atlantic Quay development

24 Oct 2007


Leading commercial property developer Wilson Bowden has begun work on the next stage of its Atlantic Quay project on Glasgow's waterfront.  The new £26 million building will be known as Capella at Atlantic Quay.

The first phase of work is under way on the 111,000 square foot, 11-storey mixed use development on the city's riverside.

Balfour Beatty have been appointed as contractors on the project which will be the tallest building in the Broomielaw area and will form the centrepiece of the city's new business quarter, completing the development of land between Robertson Street and York Street.

CBRE and JLL have been appointed as agents on the office development with Hamilton Glen handling the retail side.

In addition to 108,000 square feet of prime office space, the building's ground floor will house 3,000 square feet of retail and leisure space, a first for new build developments in the area.

The retail and leisure development will further expand the services available on the waterfront, adding to the growing number of restaurants, hotels and shops, including a recently opened Tesco store, now on offer in the district.

Construction will begin shortly and is scheduled for completion in August 2009. The first phase of work on the site has begun with some soft landscaping and further enhancement of the public realm is also planned. This will develop the ongoing 'constellation' theme which has been used throughout the streetscape in the Atlantic Quay area.

The building itself takes its name from Capella, which is the brightest star in the constellation Auriga and the eleventh brightest star in the sky.

Jim Fitzsimons, Development Director at Wilson Bowden, said:

"Our vision, throughout the course of the Atlantic Quay development, has been to create a vibrant business quarter on the waterfront which sees the district become the area of choice for leading companies in Glasgow. The high quality of the occupiers now located there is testament to our success in realising that ambition and I'm confident Capella at Atlantic Quay will further enhance what has already been achieved.

"The district now houses approximately one million square feet of floor space and provides employment for 8,000-9,000 people working for blue-chip companies of the calibre of Royal Bank of Scotland, BT, AXA, Scottish Power and Cap Gemini.

"The location is also being transformed by the introduction of retail and leisure elements which draw more people into the area and greatly enhance its appeal as a place to live and work.

"The announcement of this latest phase of the project reinforces our commitment to Glasgow and demonstrates our confidence in the city's long-term future as a business powerhouse.

"In my view, the medium to long-term prospects for the city are very positive and I'm confident that this will be reflected in demand when the project completes in 2009."

The project team includes architects BDP who have been involved in all phases of the Atlantic Quay development which consists of a portfolio of six buildings.

Capella at Atlantic Quay has been designed to better the new regulations on Carbon Emissions by 10%, thus deriving energy efficiencies that will offer occupiers substantial cost savings by operating more efficiently. In a first for buildings in the city centre, it will also feature a Sustainable Urban Drainage System (SUDS) which provides for more efficient and environmentally-friendly disposal of surface water.

Wilson Bowden Developments is a commercial property development business focused on retail, leisure, office, industrial and mixed-use schemes.

 

Issued by The BIG Partnership on behalf of Wilson Bowden Developments
For further information contact Stephen McCrossan on 0141 333 9585

  • Capella, 5 Atlantic Quay